Accrued Expenses and Other Current Liabilities (Tables)

3 Months Ended

Mar. 31, 2025

Details of Accrued Expenses and Other Current Liabilities

Accrued expenses and other current liabilities consisted of the following as of the dates presented:


	March 31, 2025		December 31, 2024
	(in millions)
Accrued salary, bonus, and other employee-related benefits	$	51	$	74
Accrued marketing costs		79		67
Interest payable		1		1
Finance lease liability - current portion		7		7
Operating lease liabilities - current portion		5		6
Non-income taxes payable (1)		16		18
Accrued legal contingencies (2)		10		10
Restructuring and other related reorganization costs (3)		4		5
Other		68		61
Total	$	241	$	249

(1)

Amounts are primarily related to digital service taxes.

(2)

Refer to “Note 8: Commitments and Contingencies” for further information.

(3)

During the fourth quarter of 2024, the Company approved and subsequently initiated a set of actions in order to reduce its cost structure, improve operational efficiencies, and realign its workforce with its strategic initiatives. As a result of actions taken under this initiative during first quarter of 2025, the Company incurred estimated pre-tax restructuring and other related reorganization costs of $10 million, which consisted of employee severance and related benefits, primarily in our Brand Tripadvisor segment. We expect the majority of remaining unpaid costs as of March 31, 2025 to be disbursed during 2025.

Summary of Restructuring and Other Related Reorganization Costs

The following table summarizes our restructuring and other related reorganization costs for the three months ended March 31, 2025:


	Carrying Value
	(in millions)
Accrued liability as of December 31, 2024	$	5
Charges		10
Payments		(11	)
Accrued liability as of March 31, 2025	$	4